Midterm 1

From the "fishing" story, what is an example of a procedural innovation?

Get up earlier and fish with three poles instead of one

In the "fishing" story, when Dave went fishing he was investing energy to create something of value for Dave and his family. This activity is an example of:

work

How would you describe the concept of scarcity?

Our wants are greater than the resources available to satisfy them

Production may be described as:

The process of making products, i.e. building quality products at lowest possible cost.

Not knowing exactly what will happen based on the decisions made is known as:

uncertainty

Measuring performance, comparing outcomes to the established plan, and then adjusting for future success is the process of:

Controlling

Anything owed to creditors is:

a liability

Consumer Power bills the Diaz Company for gas used during the month of December. Until they pay their gas bill to Consumer Power, Diaz Company would consider the amount owed to be:

an account payable

What is a dividend?

a distribution of profits to the shareholders of company

The accounting system generates information about the:

operations of a business.

Depreciation expense is the:

dollar value that accounts for the use of equipment and buildings - wear and tear over the period being reported.

An accounting term for sales is:

revenues

Anything of value that is used or leased by a firm for periods longer than one year is considered to be a:

fixed asset

Using the Balance Sheet Survey (FastTrack page 3), which company has re-invested the most profit back into their company? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Andrews

Using the Income Statement Survey (FastTrack page 3), how much did Chester pay in interest last year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

$1,938

Using the Income Statement Survey (FastTrack page 3), how much profit did Ferris earn last year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

$ 2,082

Using the Balance Sheet Survey (FastTrack page 3), which company "stocked out" (had no sensors left in the warehouse) at the end of the year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Andrews

Using the Income Statement Survey (FastTrack page 3), which company had the greatest debt burden last year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Digby

Using the Balance Sheet Survey (FastTrack page 3), which company has the greatest amount of debt? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Digby

In the "fishing" story, what influenced the value of Dave's fish in trade?

supply and demand

What are some examples of economic costs?

Paying student fees

Expense of tuition

Buying course books

Buying an iClicker

What set of questions do all economic systems have to answer?

What goods and services are needed and how much of each will be produced?

How will goods and services be produced?

Who will produce them and with what resources?

How will they be distributed?

Organizing may be described as:

Arranging the organizations resources and activities in a way so it's possible to accomplish the plan.

Owners' Equity accounts include owners’ investment and:

retained earnings

Examples of period costs, also referred to as fixed costs, are:

depreciation expenses, R & D expenses, and administrative expenses

What is an example of a current liability?

a short term loan

Excess inventory well beyond what is need for the year ahead may:

tie up cash and cause cash flow problems

If Raja owns a truck, $1000 in cash, and plumbing supplies these are all considered:

assets

Anything of value owned or leased by a business (such as cash, accounts receivable and buildings) is considered to be:

an asset

Anything of value that is used or leased by a firm for periods longer than one year is considered to be a:

fixed asset

Using the Income Statement Survey (FastTrack page 3), how much profit did Ferris earn last year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

2,082

Using the Balance Sheet Survey (FastTrack page 3), which company has re-invested the most profit back into their company? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Andrews

Using the Income Statement Survey (FastTrack page 3), which company paid the most in taxes last year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Andrews

Using the Balance Sheet Survey (FastTrack page 3), what is the total value of the owners' claims against the assets of company Digby? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

$24,567 (total equity)

Using the Income Statement Survey (FastTrack page 3), which company had the greatest amount of revenue in the reported year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Digby

Using the Income Statement Survey (FastTrack page 3), which company had the greatest debt burden last year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Digby

Using the Income Statement Survey (FastTrack page 3), if Digby had one product and charged $30, how many sensors did they sell last year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

2,403

In the "fishing" story, what best describes the concept of wealth?

all of the material items in anyone's possession

One economic view of jobs categorizes them into four areas that include:

Any mechanism that facilitates exchange of goods and services between buyers and sellers

What are some examples of economic costs?

Paying student fees

Expense of tuition

Buying course books

Buying an iClicker

One attribute of competing in a private enterprise is that competitors are motivated to offer customers:

value

Insufficient inventory may:

not allow product to be available to customers causing a stockout situation

______________ is used by individuals external to the organization to understand its performance.

Financial accounting

An accounting term for sales is:

revenues

Depreciation expense is the:

a current liability

If a firm's liabilities are $90,000 and its assets are $150,000 what is the owners' equity?

$60,000

The contribution margin is calculated by this formula:

total revenue - variable costs

Using the Income Statement Survey (FastTrack page 3), how much did Baldwin spend to manufacture all of the sensors they produced last year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

$49,915

Using the Income Statement Survey (FastTrack page 3), how much did Ferris spend on product development, marketing, and administrative expenses last year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

$ 5,740

Using the Balance Sheet Survey (FastTrack page 3), if Digby has disbursed a total of $10,000 in dividends since the start of the company, how much net income has the company generated since they began doing business? Remember: Dividends + Retained Earnings = Cumulative Profit (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

$30,191

Using the Balance Sheet Survey (FastTrack page 3), which company "stocked out" (had no sensors left in the warehouse) at the end of the year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Andrews

Using the Balance Sheet Survey (FastTrack page 3), which company has brought in the most money by issuing stock? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Andrews

The difference between contribution margin and gross margin is:

gross margin includes depreciation expenses

In the "fishing" story, which best describes the concept of "profit?"

Additional wealth created by meeting needs

What statement illustrates the concept of "risk"?

Invest a lot of resources (money) in a developing new product that -- if it fails -- will cause the company to lose money

Efficient means:

Doing things right

The difference between contribution margin and gross margin is:

gross margin includes depreciation expenses

On an income statement, sales could be described by this equation:

sales (revenue) = price per unit X units sold

The financial document that shows revenues, expenses, and profits over a period of time is:

an income statement

Liabilities are:

a contract of debt

buying on credit

short term borrowing

long term borrowing

What does target marketing involve?

Concentrating marketing efforts on one or a few key markets most likely to buy your product.

Marketing strategy is most successful when it has:

a customer orientation

The marketing mix includes:

price

promotion

product

placement

service

What is the "ideal" position for a High Tech product next year? (Refer to the Round 2 Foundation FastTrack Report- available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Pfmn- 9.5; Size- 10.5

What is the "ideal" position for a Low Tech product next year? (Refer to the Round 2 Foundation FastTrack Report- available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Pfmn- 6.3; Size- 13.7

How many units could be sold in the High Tech market next year? Assume: Low Tech has a growth rate of 10% and High Tech has a growth rate of 20%. (Refer to the Round 2 Foundation FastTrack Report- available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

3,732

Which product has the best position for the High Tech market? (Refer to the Round 2 Foundation FastTrack Report- available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Fast

In Foundation, which market segment makes up the greatest percentage of sales in dollars in Round 1?

Low Tech

The promotion budget follows in a pattern that if $1 million buys 30% awareness, then $2 million buys less than 60% awareness. This is called:

diminishing returns

Company Chester is going to reposition Cake and the change has a revision date of August 12th of the coming year (August 12th is about 7/10 of a year). What will Cakes perceived age be at the end of the year on December 31st? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

2.3 years old

The perceptual map evaluates and compares:

the position of competing products in the industry in relation to segment preferences

In Foundation, awareness of a product is created specifically through the:

promotion budget

To best serve the Low Tech market, why should Baldwin reposition Baker this year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

They should NOT reposition the product this year.

Assume that your product Able is only going to sell to the Low Tech market and will not have any sales to the High Tech market segment. Using the most appropriate market share method available, Able should sell ____ units in the Low Tech market next year. (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

between 1,655 and 1,697

Looking at the Low Tech Market Segment's Market Share Actual vs. Potential Chart, what does Andrews know about its product Able? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Able would have sold more if Andrews had produced enough

Using the information in the Round 2 FastTrack, Andrews has one product, Able. Last year, Able sold in both the Low Tech and High Tech markets. What are Able's total sales forecast based on ACTUAL market share for next year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

1,841

What percentage of the High Tech Market has access to product Daze (have been contacted by Digby's sales staff about product Daze)? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

52%

How many sensors could be sold in the Low Tech Market segment next year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

6,708

Which company has the product with the greatest market share in the High Tech Market? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of An Introduction to Business.)

Ferris

Using the December Customer Survey Scores, forecast for Daze's sales in the Low Tech Market (first) and the High Tech market (second). How many units does the DCS method predict that Daze will sell next year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

1,624

Market segmentation identifies customer group on the basis of their needs regarding:

geography

demographics

psychographics

What is the "fifth" aspect of the marketing mix?

service

You have evaluated product Acrid (a made up product) against the Buying Criteria of the High Tech market and gotten the following "attractiveness" scores: MTBF 100, Price 19, Age 44, and Position 38. What is the Customer Survey Score for this month?

43

Which product will be most attractive to High Tech customers as of January 1 next year? (Refer to the Round 2 Foundation FastTrack Report- available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Fast

From the FastTrack report, at the end of December, which product would the Low Tech customers' perceive as having the most attractive price? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Cake

Which of these activities would increase the material costs?

Change the product's position to meet expectations in the future

Decreasing size

Increasing performance

Increasing MTBF

Company Chester is going to reposition Cake and the change has a revision date of August 12th of the coming year (August 12th is about 7/10 of a year). What will Cakes perceived age be as soon as the revision takes place on August 13th? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

2.0 years old

The strength of the promotional investment is measured by:

awareness

The demand in the Low Tech market for next year is 10,000 units. Your product AZTEC had a December Customer Survey Score of 32. There are 6 products available in this segment and their DCS scores are 32 (Aztec) and 28, 25, 25, 25, and 25. What is Aztec's sales forecast using DCS method? (This question does not require a FastTrack Report.)

2,000

What percentage of the High Tech Market has access to product Daze (have been contacted by Digby's sales staff about product Daze)? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

52%

How many sensors could be sold in the High Tech Market segment next year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

3,732

Chester's product Cake sold in both the high tech and low tech markets last year. Using the Market growth (or basic forecasting) method, how many units will they sell next year? (Refer to the Round 2 Foundation FastTrack Report available both on Blackboard and in Appendix 1 of “An Introduction to Business.”)

1,510

Using the December Customer Survey Scores, forecast for Daze's sales in the Low Tech Market (first) and the High Tech market (second). How many units does the DCS method predict that Daze will sell next year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

2,114

Price, promotion, placement and product (the four Ps) are aspects of what?

Marketing

What does the "ideal spot" of a perceptual map define?

The position in the fine cut circle where demand for the product is strongest.

According to the Team Member Guide (TMG), a total of $1,500(000) invested in the promotion budget buys an additional 35% awareness. If Chester invested $1,500(000) in promoting Cake, what would Cake's awareness be next year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

72.3%

Using the December Customer Survey Scores, what is your forecast for Daze's sales in the Low Tech Market? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

1,209

From Andrew's perspective, which product is the strongest competitor (will be the next most desirable product) in the Low Tech market on January 1st? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Eat

Chester's product Cake sold in both the high tech and low tech markets last year. Using the Market growth (or basic forecasting) method, how many units will they sell next year? (Refer to the Round 2 Foundation FastTrack Report available both on Blackboard and in Appendix 1 of “An Introduction to Business.”)

1,510

Using the December Customer Survey Scores, forecast for Daze's sales in the Low Tech Market (first) and the High Tech market (second). How many units does the DCS method predict that Daze will sell next year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

1,624

Looking at the Low Tech Market Segment's “Market Share Actual vs. Potential” chart, what is a priority for company Andrews in the next round for product Able to maximize sales volumes? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Produce more product

Using the information in the Round 2 FastTrack, Andrews has one product, Able. What is Able's POTENTIAL market share sales forecast for next year for both the Low Tech and High Tech segments? Assume that the Low Tech potential is 25.5% and the High Tech potential is 9.1% as shown on page 7 of the FastTrack Report. (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

The collection of production partners, such as manufacturers, wholesalers, distributors, retailers, and on-line sales sites, is referred to as

the supply chain

The money spent to increase capacity is an expense that reduces profit.

False

Capacity involves:

the actual process of creating goods and services

What is the capacity of a production line?

The number of products that a production line can produce in one shift each year

Human resources includes:

employees and their skills involved in the production process

Looking at page 4 of the FastTrack report, the product Cent had no units left in inventory and Cake has 126 units left in inventory. Did Chester meet its inventory management goal last year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Yes – Cent was not available in that year and Cake fell within the acceptable range.

You have calculated the following forecasts for Fast based primarily on information about Fast's performance in the High Tech Market: Market Growth: 1,360 Market Share Actual: 1,320 Market Share Potential: 1,280 Which of the following would be the most realistic or "safest" number to have available for sale if Ferris wants to meet its inventory management targets? Assume: 20% growth rate for High Tech.

1,400

You have calculated the following forecasts for Eat based primarily on information about Eat's performance in the Low Tech Market: Market Growth: 1,240 Market Share Actual: 1,300 Market Share Potential: 1,350 Which of the following would be the "safest" and most realistic number to have available for sale if Erie wants to meet its inventory management targets? Assume: 10% growth rate for Low Tech.

1,400

Based on the FastTrack in the reported year, approximately how many months will product Cent be available for sale in Round 3, the year 2012? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

about 8 months

Based on the FastTrack in the reported year, using the potential market share method, how many units will Able sell to just the Low Tech market next year? Assume: 25.5% market share with a 10% growth rate for Low Tech. (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

1,711

Based on the FastTrack in the reported year, what is the most that Baker could have sold and still met their inventory management goal? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

1,711

Which of the following is true of the different methods of forecasting Able's sales?

Using Able's actual market share will underestimate sales next year.

Using Able's potential market share will produce a relatively accurate forecast despite the fact that Able stocked out.

Using Able's DCS share will produce a relatively accurate forecast and is independent of Ables sales or production levels from last year.

Using the Market growth method may underestimate Able's sales next year

Based on the FastTrack in the reported year, what is the least that Baker could have sold and still met their inventory management goal? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

1,427

(This question is hypothetical and not from FastTrack) Able is currently selling for $34. They expect to sell 1,000 units. Andrew's factory for Able has a capacity of 1,000 units and an automation rating of 6. The material cost per unit is $12.40. Assuming no overtime (and no inventory carrying costs), what will Able's total Variable Cost (as a total dollar amount) be if they sell 1,000 units?

$12,400

If you have the capacity for 800 units in a product line that you want to discontinue. You have built up inventory of 600 units. If you sell 799 units (leaving one unit of capacity remaining) the capacity with one unit of capacity remaining for that line, what will occur? (Refer to Foundation Exercise 8 in “An Introduction to Business.”)

You will receive cash from the sale of the capacity (equipment) and you may sell the 600 products at whatever price you set in the future.

What is your overtime labor cost per unit at an automation rating of 5? (Refer to Foundation Exercise 8 in “An Introduction to Business.”)

$10.08

You have the capacity for 800 units in a product line that you want to discontinue. You have an existing inventory of 600 units. If you sell 800 units (all) of the capacity for that line, what will happen? (Refer to Foundation Exercise 8 in “An Introduction to Business.”)

You will receive cash from the sale of the capacity (equipment) and you may sell the 600 products at whatever price you set in the future.

How much will your labor cost per unit be reduced if you increase your automation from 3 to 7? (Every level of higher automation decreases labor costs by $1.12 per level. Assume there is no overtime involved.)

$ 4.48

(This question is hypothetical and does NOT involve a FastTrack Report) You are creating a new product ABLER and want to build a very efficient factory to produce it. Since ABLER will compete in the High Tech market, you think that an automation level of 4 would be the best. You want your factory to have a capacity of 800(000) units. What will the labor cost per unit be for each unit produced on overtime (or on the second shift)?

$11.76

(This question is hypothetical and does NOT involve a FastTrack Report)You are creating a new product ABLER and want to build a very efficient factory to produce it. Since ABLER will compete in the High Tech market, you think that an automation level of 4 would be the best. You want your factory to have a capacity of 800(000) units. How much will you have to invest for this complete investment in capacity (the whole factory - the floor space and the equipment together)?

$ 4,800

Using the Round 2 FastTrack Stock Table (page 2), how is Andrew’s "P/E" of the stock table calculated?

Using the Round 2 FastTrack Stock Table (page 2), how was Baldwin book value calculated?

Owners’ Equity / 2,220,036

Using the Round 2 FastTrack Stock Table (page 2), which company’s owners had the greatest increase in wealth last year?

Andrews

How is increasing the Accounts Receivable lag an investment in your company?

Increasing your Accounts Receivable lag is a form of "promotion" and will attract customers because they may have longer time frame before they need to pay you compared to your competitors.

Using the Round 2 FastTrack Stock Table (page 2), how is Baldwin’s "P/E" of the stock table calculated?

$19.98 / $2.38

_________ is determined by dividing the total owners' equity from the balance sheet by the number of shares outstanding.

Book Value

Using the Round 2 FastTrack Stock Table (page 2), how would you calculate Erie’s Net Income?

2,226,367 * $0.78

___________ measures profit on a per share basis.

Earnings Per Share

Using the Round 2 FastTrack Stock Table (page 2), if company Ferris had declared a dividend of $2 per share, how much would their cash position have decreased?

$2.00* 2,054,656

In Foundation, you are making decisions for the year 2010. You add a new product that will come on-line in October of 2011. What decisions should you make now to prepare for that product release?

Build capacity and determine your automation level for the new product

What does a PERT chart seek to accomplish?

It depicts the production process, maps out the anticipated time required, and attempts to identify potential problems in the process.

Chester decided to have 1,700 units of Cake available for sale next year. What is the least they can sell and still meet their inventory management goal next year?

1,416

From the information on the FastTrack Report, did Dabble meet its inventory management goal in the last year? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

Yes

Chester decided to have 1,700 units of Cake available for sale next year. What is the most they can sell and still meet their inventory management goal next year?

1,699

Which of the following is true of the different methods of forecasting Able's sales?

Using Able's actual market share will underestimate sales next year.

Using Able's potential market share will produce a relatively accurate forecast despite the fact that Able stocked out.

Using Able's DCS share will produce a relatively accurate forecast and is independent of Ables sales or production levels from last year.

Using the Market growth method may underestimate Able's sales next year

Imagine that Baker just completed the sales forecast for the coming year and set their production schedule. The results are now in. Based on the number of units they hadPRODUCED from the FastTrack report, what is the most that Baker could have left in inventory and still met their inventory management goal? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of “An Introduction to Business.”)

285

The costs associated with remaining number of products in inventory (stored in the warehouse) at the end of the year are

carrying costs

(This question is hypothetical and does NOT involve a FastTrack Report)You are creating a new product ABLER and want to build a very efficient factory to produce it. Since ABLER will compete in the High Tech market, you think that an automation level of 4 would be the best. You want your factory to have a capacity of 800(000) units. What will the labor cost per unit be if you produce 800 units?

$11.76

The capacity for Able is 1,000 units with an automation level of 3. The per-unit cost of adding capacity is $6 for floor space and $4 per level of automation. If you increase the automation from 3 to 6 for the current capacity, what will that cost (in thousands)?

$12,000

How was Digby’s market capitalization calculated?

2,137,845 * $23.60 (Shares x closing price aka stock price

If your Foundation bond series number is 13.1S2012, what do you know about that bond?

The bond has an interest rate of 13.1 percent, it is an "S" series bond, and it is due (mature) in the year 2012.